L&T receives Rs447 cr order from defence ministry

L&T has already got a contract, valued at Rs977 crore for 36 similar vessels. Photo: Mint

Mumbai:Larsen and Toubro Ltd said it had received an order valued at Rs447 crore from the ministry of defence for the construction of 18 high-speed interceptor boats for the Indian Coast Guard. This follows an earlier contract, valued at Rs977 crore for 36 similar vessels.

With this order, L&T is positioned as the foremost Indian shipyard in terms of capability to indigenously design and construct the largest number of interceptor boats for the defence ministry, the company said in a statement on Tuesday.

The interceptor boat is a “planing craft”, capable of achieving speeds exceeding 40 knots. Built with a full aluminium-alloy light-weight hull, it is powered by a twin water-jet propulsion system to enable quick response - crucial for coastal surveillance, it said.